News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of a Fully Occupied Building in Phoenix, Arizona Located at the SKY HARBOR (PHX) International Airport  
Los Angeles, California (December 21, 2012)
 
An affiliate of Cohen Asset Management, Hayward Industrial Capital LLC, acquired a prime infill industrial building consisting of approximately 86,000 square feet adjacent to the SKY HARBOR (PHX) International Airport. Strategically situated in the 550 acre SKY HARBOR Center submarket of Phoenix, with immediate access to the 10 and 17 freeways, the area has proven to be attractive to many corporate users with operations in the Phoenix area.
 
The property is 100% leased to the Arizona department of corrections, Global Crossing and Limelight Networks providing Cohen Asset Management and its investors with substantial cash returns from the inception of ownership, projected to grow significantly via contractual annual rental escalations. The acquisition of this corner property continues Cohen’s track record of sourcing opportunities through its bi-coastal offices while furthering its standing as a national operator with local presence and close broker relationships. This property represents Cohen’s 10th acquisition in Phoenix over the past several years.
 
About Cohen Asset Management™

Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals and institutional investors. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.